Board of Directors' dividend proposal

In this section

The Board of Directors proposes that a dividend of 1.00 euro per share be paid for the financial year 2012. The parent company’s distributable funds total 1,049,791,970.15 euro, which includes 252,563,755.88 euro in net profit for the year. There are 197,241,130 shares with dividend rights. The dividend will be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Ltd on the record date, which is 12 March 2013. The dividend payment date proposed by the Board is 19 March 2013. The Annual Report 2012, including the financial review and the review by the Board of Directors, will be available on the company website www.wartsila.com and at www.wartsilareports.com during week 6.

Note

Increasing presence in Africa

A rapidly growing electricity demand. Ample reserves of natural gas, but scarce supply of water. Meeting these challenges, Wärtsilä continues to strengthen its presence in southern Africa. Next up is Mozambique.

In December, the joint venture Central Termica de Ressano Garcia chose Wärtsilä to engineer, supply and install a much needed gas fuelled power plant in Mozambique. The choice of supplier was natural.

The country has access to ample reserves of natural gas, but the supply of water is scarce. Demand for electricity grows by the day, as does the need to further develop power generation infrastructure.

Operational efficiency, minimal environmental impact

Wärtsilä's gas engine technology provides operational efficiency but minimises environmental impact as well as water consumption. The company's outstanding track record of delivering such turnkey projects was another merit hard to match.

Once completed, the plant will be the biggest such plant in Mozambique and the second largest such power plant in the whole of Africa. Thus far, the company has delivered 470 power plants to the continent.

The joint venture is owned by the Mozambique state utility, Electricidade de Moçambique, and Sasol New Energy from South Africa, for which Wärtsilä is in the final stages of installing a power plant in Sasolburg.